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Just my thoughts #0553

Common means relatively few limits. Therefore, the common items should be inexpensive—for example, air. But just because it’s common doesn’t mean it lacks value. It simply signifies a lower price. Just because it’s almost free doesn’t mean it’s without merit. The sector a product belongs to affects the profitable connection between value and price. Daily necessities are inexpensive because they are common, but they hold significant value. If the imbalance between value and price exceeds the risks of an exchange opportunity, a profit is generated. If you capitalize on this opportunity and take a risk to purchase the imbalance, it is referred to as an investment. Opportunities always arise from imbalance. - Joseph’s “just my thoughts”
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Just my thoughts #0462

Knowing the effect means genuinely understanding it. You don’t honestly know just because you comprehend the definition and meaning. We only know when we recognize the effect it has in a specific context, how it influences that context, and what impact it creates, including any aftereffects. Therefore, there are things I am unaware of, so I cannot claim to know everything. Let’s not confuse partial knowledge with complete understanding.


- Joseph’s “just my thoughts”




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